By Limiting Imports Through Quotas and Tariffs,governments Increase the Attractiveness

question 117

Multiple Choice

By limiting imports through quotas and tariffs,governments increase the attractiveness of :

• A)FDI and licensing.
• B)low value-to-weight ratio products.
• C)globally dispersed production.
• D)outsourcing and off-shoring.

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Definitions:

Job Evaluation

A systematic process for assessing the relative worth of jobs within an organization to establish fair compensation.

Salaries and Wages

Financial compensation provided to employees for their labor, with salaries typically being a fixed annual amount and wages being based on hours worked.

Overtime Provisions

Regulations that govern the compensation for employees who work beyond the standard working hours, often entailing higher rates of pay.

Fair Labor Standards Act

A United States federal law that sets minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers.